No, the fund fee is based on each transaction. Fund expenses include subscription fee, redemption fee and operation fee.

The subscription fee is charged at the time of fund subscription, and the subscription fee standard of each fund is different (generally, the larger the subscription amount, the cheaper the handling fee, and the upper limit is 1 1,000 yuan). Redemption fee is charged at the time of fund sales, which varies according to the holding time of the fund. The longer you hold it, the cheaper the redemption fee will be, even 0. Operating expenses include management fees, custody fees and sales service fees. Operating expenses are accrued on a daily basis and paid on a monthly basis.